The Bayu-Undan Joint Venture (BUJV) participants and TIMOR GAP have executed a Sale and Purchase Deed (SPD) to transfer a 16 per cent interest in the Bayu-Undan upstream project to TIMOR GAP, with an economic date of 1 July 2024. Completion of the SPD is subject to customary closing conditions.
Under the terms of the SPD, TIMOR GAP participates in the BUJV for the remainder of the economic life of production. As previously announced, the Production Sharing Contract (PSC) for Bayu-Undan...
The Australian Resources & Energy Employer Association (AREEA) was pleased to announce
that ExxonMobil Australia President Simon Younger has joined its Board of Directors.
Mr Younger is vastly experienced in the oil and gas sector.
After graduating as an engineer and starting his career with Esso Australia in 1997, he has held a variety of roles with ExxonMobil affiliates in Australia, the United States, Qatar and Nigeria.
In 2020, Mr Younger became Senior Vice President Upstream for Canada’s...
The SA/NT PESA Branch President, Dr John Kaldi was recently awarded the Sidney
Powers Award by the American Association of Petroleum Geologists (AAPG) at the
2024 IMAGE meeting in Houston.
PESA is an affiliate of AAPG. The SidneyPowers Memorial Award is given "…in recognition of distinguished and outstanding contributions to, or achievements in, petroleum geology".
It is AAPG’s most distinguished award and the award's previous recipients reads like
a "who's who" of geo-legends,...
Victoria’s proposal to phase out some gas appliances in existing connected homes and businesses ignores the fundamentals of the energy transition and robs consumers of choice and competition.
Australia’s oil and gas industry today welcomed news that homes and businesses would not have to replace popular gas stovetops with electrical appliances under the state’s net zero road map.
However, the sector has called for the State Government to reverse a new edict forcing residents and...
The New Zealand Parliament passing a law facilitating construction of a LNG terminal to provide a flexible fuel supply for shortages in dry years has been accompanied by a pledge to rescind the Labour Party’s 2018 ban on new fossil fuel exploration.
In spite of the new National-led Government’s determination to revitalise the New Zealand gas sector, it will take years for any new supply to come online which has complicated the issue of where the yet to be constructed regasification...
OMV Norge, a Norwegian subsidiary of Austrian OMV, has made a new gas discovery in a wildcat well off the coast of Norway with the Transocean semi-submersible rig Norge.
OMV, is the operator of PL 1194, and drilled the wildcat well 6605/6-1 S in the Norwegian Sea targeting the Haydn/Monn exploration prospects, which led to a discovery with estimated recoverable volumes between 30 and 140 million boe.
Located 300 km west of Norway in water depths of 1,064 meters, the gas discovery is...
The PESA WA Branch hosted a successful luncheon on August 15, 2024, at the Parmelia Hilton in Perth.
The event began with welcoming remarks from Matthew Docherty, followed by a significant announcement from PESA President Helen Debenham, who proudly revealed the winner of
the 2024 Survey. This annual survey is a testament to PESA’s dedication to recognizing excellence and innovation within the petroleum exploration and geosciences field.
The highlight was a presentation by Adam Craig,...
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years. Rystad Energy estimates that by 2030, more than 75% of total demand will be met by fossil fuels, with emissions climbing as a result. A significant portion of these emissions will originate from upstream activities,...
Under the brilliant leadership of the PESA SA/NT Branch Vice President, Paul Strong, 2024 has seen the regular monthly lunchtime meetings continue with a smorgasbord of topics which are highly recommended for other branches and webinars.
July 2024 – Markus Häring,who recently returned to Adelaide to retire, spoke on Exploration for radioactive waste repositories near urban areas. Safe long term storage of nuclear waste is required even in countries without nuclear power plants....
Viridien has announced the start of the Laconia 3D OBN multi-client seismic program in the US Gulf of Mexico.
Covering 330 OCS blocks in the Garden Banks and Keathley Canyon protraction areas, the project is supported by industry funding. Acquisition started in July 2024 with the delivery of initial products scheduled for Q2 2025.
To improve the resulting images and subsurface information, Viridien said this survey will record extra-long-offset full-azimuth OBN data and utilize the...